Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[madmat]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

The winning bidders must make sure that the money is in the USMS bank account "by 2:00pm EST, on Monday, December 8, 2014." If a bidder fails to do so, the next one in line is notified and given a similar deadline to do the same.  Defaulting bidders lose their deposit, so there should be no defaults and the outcome will be defined by Monday afternoon.

Last time the auction was on a Friday, and the USMS revealed that "single buyer got it all" on the next Monday.

However, the announcement for this auction says "The USMS will not release any information to the general public pertaining to the auction process or results."  I don recall seeing this explicit statement in the previous announcement.  So perhaps they will not even tell us how many winning bidders there were, and whether all lots were sold.

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1

so we wont have any info and bitcoin price at the mercy of the unknown buyer...  

We will be able to see from the transfer of the BTC if there was more than one winner. If they all go to one address ... one winner, or one consortium winner. If they are split from that address, likely a consortium, but not certain obviously - one bidder *could* choose to split them into different wallets
If the USMS send out to multiple addresses, likely more than one group won ...

Do you have the address to watch ?

[cryyptc]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

Auction will be tomorrow.


Guess no info until friday, maybe until monday

so the next few days are critical for bitcoin... 

so the next few days are gentlemen for bitcoin...   lols

[Chef Ramsay]

It could be time again to start posting pics of trains, rockets and moons coming up here. Sure would be groovy to roll into the holidays and beyond w/ some serious bull swagger.

[coinableS]

Draper will tweet it if he wins one or more of the bids. He loves being in the BTC spot light.

[phoenix1]

We will be able to see from the transfer of the BTC if there was more than one winner. If they all go to one address ... one winner, or one consortium winner. If they are split from that address, likely a consortium, but not certain obviously - one bidder *could* choose to split them into different wallets
If the USMS send out to multiple addresses, likely more than one group won ...

Do you have the address to watch ?

Its the one the DPR coins are sitting in !! Don't have it to hand but I am sure it will be presented soon ...

[grappa_barricata]

Do you have the address to watch ?

I think this is the address with all the remaining SR seized coins, but i'm not completely sure: 1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw

[phoenix1]

Do you have the address to watch ?

I think this is the address with all the remaining SR seized coins, but i'm not completely sure: 1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw

Dat d one 

[noobtrader]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

The winning bidders must make sure that the money is in the USMS bank account "by 2:00pm EST, on Monday, December 8, 2014." If a bidder fails to do so, the next one in line is notified and given a similar deadline to do the same.  Defaulting bidders lose their deposit, so there should be no defaults and the outcome will be defined by Monday afternoon.

Last time the auction was on a Friday, and the USMS revealed that "single buyer got it all" on the next Monday.

However, the announcement for this auction says "The USMS will not release any information to the general public pertaining to the auction process or results."  I don recall seeing this explicit statement in the previous announcement.  So perhaps they will not even tell us how many winning bidders there were, and whether all lots were sold.

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1

so we wont have any info and bitcoin price at the mercy of the unknown buyer...  

We will be able to see from the transfer of the BTC if there was more than one winner. If they all go to one address ... one winner, or one consortium winner. If they are split from that address, likely a consortium, but not certain obviously - one bidder *could* choose to split them into different wallets
If the USMS send out to multiple addresses, likely more than one group won ...

EDIT : If there is one winner who buys them all, it would be in their best interest to NOT split the BTC immediately as one winner would generally imply that the price was higher IMO, and why would you not want to send that message to the market ?? (unless you wish to buy more ...)
My conclusion is that the less addresses the coins go to, the higher the winning bid. Above or below market we may never know. But I would also guess that most participants in this auction have a better understanding of game theory than me, and will act in their own perceived best interest ...

wow...  

thanks for the info... i never thought about that.

[noobtrader]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

Auction will be tomorrow.


Guess no info until friday, maybe until monday

so the next few days are critical for bitcoin... 

so the next few days are gentlemen for bitcoin...   lols

agree !!!
 

its obvious that this is gentlemen

[cech4204a]

i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.

[ChartBuddy]

Explanation

[madmat]

Do you have the address to watch ?

I think this is the address with all the remaining SR seized coins, but i'm not completely sure: 1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw

Thanks for that. I am going to watch it closely.

[DaRude]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

The winning bidders must make sure that the money is in the USMS bank account "by 2:00pm EST, on Monday, December 8, 2014." If a bidder fails to do so, the next one in line is notified and given a similar deadline to do the same.  Defaulting bidders lose their deposit, so there should be no defaults and the outcome will be defined by Monday afternoon.

Last time the auction was on a Friday, and the USMS revealed that "single buyer got it all" on the next Monday.

However, the announcement for this auction says "The USMS will not release any information to the general public pertaining to the auction process or results."  I don recall seeing this explicit statement in the previous announcement.  So perhaps they will not even tell us how many winning bidders there were, and whether all lots were sold.

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1

so we wont have any info and bitcoin price at the mercy of the unknown buyer...  

We will be able to see from the transfer of the BTC if there was more than one winner. If they all go to one address ... one winner, or one consortium winner. If they are split from that address, likely a consortium, but not certain obviously - one bidder *could* choose to split them into different wallets
If the USMS send out to multiple addresses, likely more than one group won ...

Do you have the address to watch ?

Ughh don't buy into all this trolling "On Friday, December 5, by 5:00pm EST, the USMS will notify the winning bidder/bidders that their bid/bids has/have been selected." http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1
Meaning all those that bid will know if they won. Meaning if i low ball bid
1-i get a small chance to get discounted coins bellow market which i can dump profit $$$
2-i'd be the first one to know if my bid wasn't selected then i can front run the new and buy coins on the market. Or better yet run the syndicate so you're now risking your own money, be the first one to get the news, act on it, distribute news to your syndicates(?) let them act on it, post on tweeter that your bid wasn't selected and watch the buying frenzy profit $$$

Bottom line everyone should get a feel whether the coins were bought bellow/above market by Friday so watching the coins move from that address a week later is pretty useless

[ChartBuddy]

Explanation

[600watt]

i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.

have a safe trip home and tell your friends we said "hi"

bye

[inca]

i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.

have a safe trip home and tell your friends we said "hi"

bye

You will won't be missed!

[DaRude]

i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.

have a safe trip home and tell your friends we said "hi"

bye

So we can assume once you dump in 1hr you'll leave and we'll never hear from you ever again?? Please???

[DaRude]

i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.

That was said at 19:59:33 UTC at 20:59UTC stamps volume was BTC1.42  at 21:00UTC volume is BTC0.0147 with a price around $379
Glad you cashed out your 1BTC. Don't let the door hit your ass on your way out

[LFC_Bitcoin]

i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.

That was said at 19:59:33 UTC at 20:59UTC stamps volume was BTC1.42  at 21:00UTC volume is BTC0.0147 with a price around $379
Glad you cashed out your 1BTC. Don't let the door hit your ass on your way out

1BTC

 

[fonsie]

i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.

That was said at 19:59:33 UTC at 20:59UTC stamps volume was BTC1.42  at 21:00UTC volume is BTC0.0147 with a price around $379
Glad you cashed out your 1BTC. Don't let the door hit your ass on your way out

WOW, dat dump.